Goldwind (parent company XinjiangGoldwind Science & Technology Co., Ltd.) is a Chinese
wind turbine manufacturer headquartered in Beijing, China. Goldwind was the largest wind turbine manufacturer globally (by installations) in 2015.[1] As of 2016, it was ranked 3rd for onshore and also 3rd for offshore turbine manufacturing by Bloomberg New Energy Finance.[2]

Contents

History

In 2008, Goldwind purchased their PMDD technology from a German company called Vensys.[3] Goldwind had 1,500 employees in 2009. It was the second-largest Chinese wind turbine manufacturer by 2011 market share and the
third-largest in the world. In 2015, Goldwind became the largest turbine manufacturer in the world.[4]

Operations

With offices and facilities throughout Asia, Europe and the Americas, Goldwind employs over 6,000 staff and combined, has an installed capacity base of 38 gigawatts (GW) across six continents. Goldwind is principally engaged in
researching,
developing,
manufacturing and
marketing large-sized wind turbine generator sets. The company's major products include 1.5MW, 2.0MW, 2.5MW, and 3MW(S)[5] Permanent Magnet Direct-Drive (PMDD) wind turbine generators. The company also provides wind power technology services, investment and sale of wind power projects and
technology transfer service.[citation needed]

Goldwind Americas, a wholly owned subsidiary of Xinjiang Goldwind Science & Technology, Co., Ltd., is based in Chicago, IL and currently employs approximately 100 individuals. Goldwind Americas (Goldwind USA, Inc.) has installed approximately 500 MW of PMDD turbines. In 2016 and 2017, Goldwind acquired two Texas projects totaling a combined capacity of 300 MW. Once constructed, the Rattlesnake Wind Project[6] and Heart of Texas Wind Project [7] will be Goldwind's largest U.S. projects to date. In 2017, Goldwind obtained $140m in tax equity financing commitments from a unit of Berkshire Hathaway Energy and Citi for its 160MW Rattlesnake wind project in central Texas – easily the most financing of US origin yet secured by a Chinese turbine OEM in the U.S. market.[8] Goldwind Americas also manages and operates the company's Panamanian team, which oversees the Penonome I and Penonome II wind farms totaling 270 MW, and the Chilean service operations team.

For the financial year ended 31 December 2015, revenue from operations for the Group was RMB29,846. 00 million, representing an increase of 69.84% compared with RMB17,572.60 million for the financial year ended 31 December 2014. Net profit attributable to owners of the Company was RMB2,849.50 million, representing an increase of 55.74% compared with RMB1,829.68 million for the financial year ended 31 December 2014. The Group reported basic earnings per share of RMB1.05.[9]

Products

Goldwind turbines in operation at a wind farm outside of
Urumqi in
Xinjiang, China

Goldwind turbines are exclusively PMDD machines.

Goldwind's initial use of the PMDD fully converted design came through its partner and eventual subsidiary VENSYS, with the VENSYS 62 which has been in operation since 2004.